CHICAGO, April 28, 2014 -- Envestnet, Inc. (NYSE: ENV), a leading provider of integrated wealth management technology and services to investment advisors and wealth managers, and Investment Advisor magazine have partnered again to reveal the finalists in the 10th Annual Separately Managed Account (SMA) Manager of the Year Awards.
The SMA Manager of the Year Awards recognize best-in-class SMA managers, and will be presented during the "2014 Envestnet Advisor Summit: The Next Big Idea," which will be held from May 14-16 at the Hilton Chicago. New to the competition this year is an award for Specialty SMA Manager of the Year. In addition, a single SMA Manager of the Year will be chosen from among the category winners as an exemplar of investment management excellence.
The winners will also be featured in the July 2014 issue of Investment Advisor.
"For the past decade, these awards have made a vital contribution to the wealth management and investment management communities by shining a spotlight on money managers who consistently deliver meaningful results for their clients," said J. Gibson "Gib" Watson, III, CIMA®, Vice Chairman, Envestnet. "Through their successful execution of their investment processes and dedication to their clients, these outstanding money managers have set a high bar for others in the industry, and can serve as examples for others to follow as they strive to improve their investment disciplines, practices and client relationships."
To be eligible for an SMA Manager of the Year Award, a manager must have tenure of at least three years, and their product must be reported through the PrimaGuide research application, which is available through Envestnet | PMC® Premium Research, a leading source of investment manager due diligence, asset allocation modeling, multi-manager portfolios and research applications to the wealth management and retirement sectors. In addition, the product must also have at least $200 million in assets.
The award finalists were determined using Envestnet | PMC Research's systematic, proprietary and multi-factor evaluation methodology, which takes quantitative and qualitative criteria into consideration. These factors include performance, investment process and style, firm profile, composite, tax efficiency and customer service.
"Advisors are good at many things, but they're not good at everything," said Jamie Green, Editorial Director, Investment Advisor Group of Summit Professional Networks, which publishes Investment Advisor. "Identifying and honoring these best-in-class managers through a highly disciplined process is an important service for our advisor readers and benefits advisors and their clients."
The finalists are:
U.S. Equity Large Cap (two awards)
Dana Investment Advisors—Large Cap Equity
Golden Capital Management—Large Cap Core
Robeco Investment Management—Boston Partners Large Cap Value
Victory Capital Management—Large Cap Growth
U.S. Equity Mid, Small or SMID Cap (two awards)
Glenmede Investment Management—Small Cap Equity
Lee Munder Capital Group—Mid Cap Value
PNC Capital Advisors—Small Cap Portfolio
Reinhart Partners—Mid Cap Private Market Value
International or Global Equity (one award)
Cambiar Investors LLC—International ADR
Harding Loevner—Global Equity ADR
Fixed Income (one award)
Gannett, Welsh & Kotler—Enhanced Core Bond
Tom Johnson Investment Management—Intermediate Fixed Income
Specialty (one award)
Cornerstone Real Estate Advisers—U.S. REIT
Cushing MLP Asset Management—Cushing MLP Alpha Total Return Strategy
Wellesley Investment Advisors—Miller Convertible
Mr. Watson and Mr. Green will announce the winners and present them with their awards on the second day of the 2014 Envestnet Advisor Summit. For more information about the Summit, please visit www.envestnet.com/advisorsummit.
ABOUT ENVESTNET (NYSE: ENV)
Envestnet, Inc. (NYSE: ENV) is a leading provider of unified wealth management technology and services to investment advisors. Our open-architecture platforms unify and fortify the wealth management process, delivering unparalleled flexibility, accuracy, performance and value. Envestnet solutions enable the transformation of wealth management into a transparent, independent, objective and fully-aligned standard of care, and empower advisors to deliver better results.
Envestnet's Advisor Suite® software empowers financial advisors to better manage client outcomes and strengthen their practice. Envestnet provides institutional-quality research and advanced portfolio solutions through our Portfolio Management Consultants group, Envestnet | PMC®. Envestnet | Tamarac provides leading rebalancing, reporting and practice management software.
For more information on Envestnet, please visit www.envestnet.com.
CONTACT: Laura Simpson
Jennifer Connelly Public Relations